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Coffee drinkers may soon see their morning treat get more expensive, as the price of coffee on international commodity markets has hit its highest level on record. On Tuesday, the price for ...
Earlier this week, the Wall Street Journal reported that raw Arabica coffee prices soared to a record high of nearly $3.44 per pound, which beat the prior record of $3.35 from 1977. Volcafe, a top ...
Arabica coffee sold for $3.44 a pound on the global market earlier this week, beating the prior record high of $3.35 set in 1977. Coffee prices hit 47-year record high after challenging growing season
Coffee prices 1973–2022. According to the Composite Index of the London-based coffee export country group International Coffee Organization the monthly coffee price averages in international trade had been well above 1000 US cent/lb during the 1920s and 1980s, but then declined during the late 1990s reaching a minimum in September 2001 of just 417 US cent per lb and stayed low until 2004.
The price of coffee went up in the mid 1970s because of a black frost of 1975 that killed 66% of Brazil's coffee trees, which was the number one producer of coffee at the time. There was a big earthquake in 1976 in Guatemala that disrupted supply chains, the world's fifth biggest coffee exporter at the time.
On Wednesday, the global benchmark for arabica coffee — March 2025 arabica coffee futures — ended 4.6% higher on the Intercontinental Exchange (ICE) at $3.2305 per pound, after hitting their ...
Date/Time Thumbnail Dimensions User Comment; current: 14:31, 3 August 2024: 5,498 × 1,016 (141 KB): Chiswick Chap: rm embedded caption, we already get a caption below the image
Climate change, political headwinds and diverging market dynamics around the world have pushed coffee prices to fresh records, jacking up the cost of your everyday brew or a barista's signature ...